© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
IT

Zopa raises £80m in first LSE bond listing 

Digital bank Zopa has raised £80m in additional tier 1 capital through the listing of a bond on the London Stock Exchange. 

The non-dilutive capital injection will bolster the bank’s balance sheet as it prepares to launch its new flagship current account product. 

The transaction, completed on the International Securities Market in London, was oversubscribed from more than 20 investors. Zopa said the success of its bond listing was a sign of the exchange’s health and vibrancy. 

The deal follows a £68m equity fundraise late last year that saw investments in Zopa from A.P. Moller. 

Following the transaction, Zopa will re-register its business as an unlisted PLC within the next six months, however, the company has noted this is not related to its IPO plans. 

Zopa said an IPO is not a priority due to uncertainty and volatility in the public markets. 

The challenger bank, which recently opened its new headquarters in Canary Wharf, posted its first full year of profit in 2024. 

“Our latest capital raise is another strong vote of confidence in Zopa’s momentum and model,” said Zopa finance chief Steve Hulme. 

“With profits doubling, strategic partnerships scaling, and innovation firing on all cylinders we’re not just gaining speed—we’re shifting gears to become the go-to bank providing unmatched ease and value to millions of Britons.” 

The post Zopa raises £80m in first LSE bond listing  appeared first on UKTN.

Related posts

Almost half unaware of GP data-sharing plans

AEA3

Post Office scandal inquiry chair brings forward urgent compensation hearings

AEA3

Tech Nation announces 13 startups for 11th Future Fifty cohort

AEA3

Pin It on Pinterest

Share This